Is Hamburg, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Hamburg has remained a Seller's Market.
Key Takeaway
Hamburg is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Hamburg, NY
How much do homes in Hamburg, NY cost?
Median Sold Price
$300,755
$190/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Hamburg have sold for 7.4% more than they did a year ago.
Summary: The median home sold price in Hamburg was $300,755 in April 2024, up 7.4% from last year, and the median price per square foot was $190.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $170K | $168K | -1.2% |
| 2 Bedrooms | $213.5K | $230K | +7.7% |
| 3 Bedrooms | $265K | $286.5K | +8.1% |
| 4 Bedrooms | $352.7K | $382.5K | +8.4% |
| 5+ Bedrooms | $355K | $492K | +38.6% |
Summary: Hamburg housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 1.2%, 2 bedroom homes increased by 7.7%, 3 bedroom homes increased by 8.1%, 4 bedroom homes increased by 8.4%, and 5+ bedroom homes increased by 38.6%.
Housing Supply in Hamburg, NY
How many homes are available in Hamburg, NY?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 92 | 90 | -2.2% |
Summary: The Hamburg real estate market had 90 homes for sale in April 2024, a 2.2% decrease compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 13 | 13 | 0.0% |
| 3 Bedrooms | 50 | 47 | -6.0% |
| 4 Bedrooms | 24 | 24 | 0.0% |
| 5+ Bedrooms | 4 | 6 | +50.0% |
Summary: The Hamburg housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 6%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 13 | 19 | +46.2% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
12 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Hamburg, you could pay more than the asking price. 63.2% of homes here sold above asking price last month.
Summary: A total of 19 homes were sold or pending in Hamburg in April 2024, up by 46.2% month-over-month. Of the 19 sold homes, 32% were sold under asking, 5% were sold at asking, and 63% were sold over asking.
Days on Market for Hamburg, NY
How long does it take to sell a home in Hamburg, NY?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 19 Days | 34 Days | +82.7% |
Summary: Homes in Hamburg had an average of 34 days on market in Apr 2024, up by 82.7% compared to last year.
Breakdown of Home Sale Times
13 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Hamburg are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 19 homes were sold in Hamburg; 68% of homes were sold within 30 days, 16% of homes were sold within 30 to 90 days, and 16% of homes were sold over 90 days.
